$BTC Below is a quick analysis of the BTCUSDT chart on the H1 timeframe for your reference.
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Quick analysis of BTCUSDT - H1 timeframe
The price is currently below the MA10 line, indicating that the short-term trend is still downward.
The current candle is a large red one, breaking the short-term low of 95,508.7, indicating that selling pressure is increasing.
Bollinger Bands are widening and the price is near the lower band (DN: 95,536), signaling that the downtrend is being reinforced.
RSI(6) is at 30.1, close to the oversold area but there are no clear signs of a rebound yet.
MACD is below 0 and the histogram is still negative, showing no clear signs of a reversal.
In summary: The H1 trend is leaning towards a decline, and there are no clear reversal signals yet. Investors need to be cautious if they intend to catch the bottom, prioritizing selling according to the trend.
